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Swiber Holdings IPO of 94 mln shrs at 0.355

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teeth53
    01-Nov-2006 13:33  
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I tink tink all the same, will be overly subscribe mahh...lucky get 1,2,3 or 4 lots, not lucky none at all. Imagine 300 lots oni internet and 2,000 lot atm, to me same same lahh..i think will try my lucky atm kiosk.
 
 
YongJiu
    01-Nov-2006 13:29  
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no teeth, you got me wrong of course I know we can only choice one type of mode to apply for IPO.

what I mean is comparing Internet Placement with the public offer e.g. ATM or internet banking  which one stand a higher chance to success?
 
 
teeth53
    01-Nov-2006 13:28  
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300 lots through internet (placement or tikam through E-net apply application ?) and 2,000 lots through atm to apply, sama sama to me.
 

 
teeth53
    01-Nov-2006 13:23  
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Hi YongJiu, Did try liao at atm, not trying anymore at internet, like that will b ecoming invaild application. Now just got to wait 2moro evening for result. thk
 
 
YongJiu
    01-Nov-2006 13:23  
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There is 300, 000 Internet Placement Shares for Swiber apply thru IPO Website at ?www.ePublicOffer.com ?.

Does Internet Placement stand a higher chance is compare to those who applying thru the public offer which has 2million offer shares in total?


 
 
YongJiu
    01-Nov-2006 13:16  
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Hi theeth,

As far as I know there is no difference between ATM & Internet Banking application. The IPO balloting procedure is exactly the same, so there isn't any 1'st come 1'st serve priority.


 

 
teeth53
    01-Nov-2006 13:00  
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Ouhua ipo closed liao.. U try i-internet banking, isit kena 1st come, 1st kena type?
 
 
YongJiu
    01-Nov-2006 12:54  
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Hi teeth,

that sound good should try try when there is money return back from Tex & OuHua.
 
 
teeth53
    01-Nov-2006 08:46  
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Hear grey px forming from 5.5 cents on plus plus
 
 
teeth53
    31-Oct-2006 23:18  
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Hi yongJiu, Swissco + postitively response to Swiber IPO, +3cts, why shout so big. U vested hahh..???
 

 
teeth53
    31-Oct-2006 21:39  
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Subscribe..small kopi $$$ coming ahh.....
 
 
YongJiu
    31-Oct-2006 14:50  
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SINGAPORE (XFN-ASIA) - Swiber Holdings Ltd, a service provider to the offshore oil and gas industry, said it has launched its initial public offering here of 94 mln new shares at 0.355 sgd per share.

     The IPO, which represents about 25.5 pct, of the firm's enlarged share capital, comprises a retail tranche of 2.0 mln shares and a placement tranche of 92 mln shares.

     Swissco International has a 20 pct stake in the integrated offshore engineering, procurement, construction, installation, and commission contractor, which also supplies marine support vessels as a complementary business.

     Swiber said the net proceeds from the IPO, estimated at 30.97 mln sgd, will be used to help finance the acquisition and/or construction of vessels, the conversion of a launch barge into a pipelay barge, and for working capital.

     The IPO is being handled by underwriter Westcomb Securities Pte Ltd, closes on Nov 6, with trading expected to commence on Nov 8.

     Swiber said the IPO is priced at a price earnings ratio of 9.5 times based on its earnings per share of 0.037 sgd seen in its financial results last year, where its net profit grew by 149 pct to 6.18 mln usd from 2.48 mln in 2004.

     In the first quarter of this year, its net profit rose to 1.79 mln usd from 780,000 a year earlier.
 
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